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    Waterfront Commercial Land with Canal Access Title is generated by Realmo AI

    7427 Dyke Road, Clay, MI 48001

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    Claim this Listing
    For Lease
    $4,000/Mo $26 SF/Yr (calc)

    COMMERCIAL - Clay, MI

    Property size:
    1,780 SF
    Lot size:
    0.63 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    133
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 7427 Dyke Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    14-496-0101-000
    Size
    1,780 SF
    Lot size
    0.63 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Evan Lyszczyk
    Evan Lyszczyk

    Listing agent Evan Lyszczyk License #6501428411

    Listing office KW Platinum 31525 23 Mile Rd., Chesterfield, MI

    Listing date Jan 22, 2026

    MLS# 50198051

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 1,780 SF commercial space built in 1920
    • 0.631‑acre lot with generous canal frontage and direct access to Lake St. Clair’s North Channel and the bay
    • Zoned C‑3 General Business, allowing a wide range of commercial uses
    • Public water service available
    • Outdoor space suitable for parking and equipment or operational storage

    Overview

    This offering is waterfront commercial land with approximately 0.63 acres of outdoor space and about 1,780 square feet of leased space described for the site. The property is zoned C-3 General Business, supporting a wide range of commercial uses. The configuration is designed to accommodate operations that benefit from direct water access and room for equipment or storage.

    The site provides generous canal frontage with direct access to Lake St. Clair’s North Channel and the bay. It also includes road frontage for visibility and accessibility, with outdoor area that can support parking and day-to-day operational needs. The property is located at 7427 Dyke Road in Clay, MI 48001 within St. Clair County.

    For tenants and operators looking for practical waterfront functionality, this location fits marine-related business models such as boat services, marine storage, watercraft sales, charter operations, or other waterfront service providers. The combination of C-3 zoning, direct canal access, and on-site outdoor space supports businesses that require proximity to the water alongside commercial roadway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Kayak Store (Bike/Boat/Book/etc) Store Great Lakes Docks ... Construction Company

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Bar & Pub Electronics & Wireless Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clay
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.620523
    Latitude
    42.662339

    FAQs

    What type of property is this?
    Waterfront Land - General business waterfront site with canal frontage and outdoor space for marine and water-access operations.
    Where is this waterfront land located?
    The property is located at 7427 Dyke Road Clay, MI.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: Approximately 1,780 SF commercial space built in 1920; 0.631‑acre lot with generous canal frontage and direct access to Lake St. Clair’s North Channel and the bay; Zoned C‑3 General Business, allowing a wide range of commercial uses
    (586) 980-1171
    We can help!
    Listing Contact
    Evan Lyszczyk
    Evan Lyszczyk
    Real Estate License ID: 6501428411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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